EarthShell Packaging To be Introduced Into Wal-Mart Stores Throughout the
Northwestern U.S.
Business Editors
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Feb. 4, 2002--EarthShell
Corporation (NASDAQ: ERTH), innovators of food service packaging
designed with the environment in mind, announced today that EarthShell
Packaging(R) will soon be available in approximately 90 stores
throughout the Northwestern U.S., after being tested in late 2001 at
Wal-Mart stores in Portland, Oregon and Baltimore, Maryland.
Plans are being developed for further expansion into select
Wal-Mart stores nationwide. EarthShell Packaging plates and bowls will
be available to consumers as part of the regular product offering in
disposable tableware.
"Innovative products, such as EarthShell Packaging plates and
bowls, allow us to offer our customers quality goods that are
environmentally preferable," said James Alden, buyer for Wal-Mart
Stores, Inc. "Wal-Mart is pleased to introduce EarthShell products
into our current line of disposables."
EarthShell products are planned to be on the shelves and available
for purchase during second quarter 2002 and will offer Wal-Mart
customers the option of purchasing affordable disposable plates and
bowls that are environmentally preferable, without sacrificing quality
or performance.
"The positive results of the retail market test with Wal-Mart,
coupled with our success to date within the food service sector
indicates a clear and growing demand for quality products that are
environmentally preferable," said Simon K. Hodson, president and chief
executive officer at EarthShell Corporation. "Wal-Mart will be
providing consumers the first opportunity to buy EarthShell products
locally for home use. Building awareness of the EarthShell Packaging
brand with the retail consumer is an important part of our
go-to-market strategy."
EarthShell sandwich containers, plates and bowls are designed with
the environment in mind. Developed over many years using a "life cycle
inventory" and in consultation with leading environmental experts,
EarthShell products reduce the environmental burdens of rigid food
service packaging through the careful selection of raw materials,
processes and suppliers. The products are made primarily from natural
limestone and potato starch. The new packaging poses substantially
fewer risks to wildlife than polystyrene foam packaging because it
biodegrades when exposed to moisture in nature, physically
disintegrates in water when crushed or broken, and can be composted in
a commercial facility (where available) or in your backyard. In
addition, the company has recently introduced flexible packaging in
the form of sandwich wraps that also have been developed using a "life
cycle inventory." Like EarthShell's rigid packaging, the wraps also
biodegrade when exposed to moisture in nature, physically disintegrate
in water and can be composted in a commercial facility (where
available) or in your backyard.
EarthShell Corporation is engaged in the licensing and
commercialization of proprietary composite material technology for the
manufacture of foodservice disposable packaging, including cups,
plates, bowls, hinged-lid containers, and sandwich wraps. In addition
to certain environmental characteristics, EarthShell Packaging is
designed to be cost and performance competitive compared to other
foodservice packaging materials.
For more information, please visit our website www.earthshell.com.
This press release may contain "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements involve known and unknown risks,
uncertainties of other factors which may cause actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Factors that might cause
such a difference include, but are not limited to, those discussed in
the Management's Discussion and Analysis of Financial Condition and
Results of Operations in the Company's most recent Form 10-K and other
documents filed by the Company with the Securities and Exchange
Commission.
--30--ac/ny*
CONTACTS: General Business & Media Inquiries:
Vincent J. Truant
Chief Marketing Officer
EarthShell Corporation
410/847-9420
www.earthshell.com
or
Media Inquiries:
Steven Ertel
Middleberg Euro RSCG
212/699-2524
steve@middleberg.com
or
Investor Inquiries:
Caroline Leakan
Director, Investor Relations
EarthShell Corporation
805/897-2218
investor@earthshell.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: FOODS/BEVERAGES MANUFACTURING RETAIL ENVIRONMENT
CONSUMER/HOUSEHOLD
SOURCE: EarthShell Corporation
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Feb-04-2002 13:54 GMT
Symbols:
US;ERTH
Source BW Business Wire
Categories:
MST/R/US/CA MST/I/FOD MST/I/ICS MST/I/RTB MST/I/POL MST/I/HOU |
